I don't think Tesla in China will amount to much, given the local competition has spun up their factories and is outproducing anyone else on the market. Just look at the numbers from last year [0], BYD was outselling Tesla 7:1, with Tesla barely doing any better than other manufacturers. "Full self-driving" won't fix that, and the competition will be offering similar features themselves.
Tesla lost their innovator / first mover advantage years ago, choosing to spend their R&D on dead ends and vanity projects like autopilot and the cybertruck while not delivering on projects that might have merit if they would actually listen to their target audience like the semi. They would've remained pretty successful had they iterated on their existing offerings, improving range, quality and reducing production costs of their existing lineup.
Tesla lost their innovator / first mover advantage years ago, choosing to spend their R&D on dead ends and vanity projects like autopilot and the cybertruck while not delivering on projects that might have merit if they would actually listen to their target audience like the semi. They would've remained pretty successful had they iterated on their existing offerings, improving range, quality and reducing production costs of their existing lineup.
[0] https://autovista24.autovistagroup.com/news/which-brand-won-...